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Last Updated: February 23, 2022

bankrate.com
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Bankrate.com

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FAQs

1

Is Bankrate a trusted site?

Overview. Bankrate has a consumer rating of 3.6 stars from 35 reviews indicating that most customers are generally satisfied with their purchases. Bankrate ranks 11th among Mortgages sites.
2

Are CD rates going up in 2021?

CD rates should stay low in 2021
Online banks typically pay higher interest rates on CDs than national brick-and-mortar banks. Online CD rates went down in 2020, but they probably won't decrease much more in 2021, because they need to pay higher rates to compete with large banks like Chase or Bank of America.
3

What Bank currently has the highest savings interest rate?

Best online savings accounts and rates of May 2022
Bank APY Bank Review
Citi Accelerate High Yield Savings 0.60% APY Citibank Review
Discover Online Savings Account 0.60% APY Discover Bank Review
Synchrony High Yield Savings 0.60% APY Synchrony Bank Review
CIT Bank Savings Builder 0.55% APY CIT Bank Review
10 more rows
4

Will CD rates go up in 2023?

Rates are seen moving higher in 2022, 2023 and 2024 to about 3 percent, but they're starting from such a low base that the gains savers see on cash sitting in money market accounts and CDs will be modest.

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Date Published: February 23, 2022

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